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Its considered a sign of success and agood investment, but its also a symbol of security.
However, things change, and not all financial gurus agree that homeownership makes sense for everyone.
Dave Ramsey: Advocating for Financial Readiness
This one is likely to come as a surprise.
Dave Ramsey is a household name in personal finance, known for his passionate advocacy of living debt-free.
Ramsey also pointed out that your mortgage isnt your only expense.
There are a lot more expenses that come with homeownership than the monthly payment.
Maintenance, HOA fees, homeowners insurance, fixing or replacing a busted HVAC, etc…
When the home is yours, all of those expenses are up to you.
… Until youre actually ready to buy, renting is never a waste of money.
Even with a property management company, regular headaches and paperwork ensued.
No, I decided.
I could much more easily create income elsewhere.
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